Dec 14, 2016 - Three bankers are sacked every two days: Central Vigilance Commission report

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Sree Vijaykumar From the Editor's Desk In a recent Forbes survey on things that CEOs would like to understand better in 2017, social media continues to be a usual one. Surprisingly 'presentation skills' was a recurring theme. Also on the list was 'Learning coaching skills to lead better' - CEOs want to learn various coaching techniques in order to develop their most valuable asset, their staff. Quite frankly, they said they were fed up with the never-ending cycle of interviewing new people. Staff attrition is disappointing as well as costly in both time and money, so the consensus was "let's look after the talent we have and save time, money and develop it beyond what we already have". More 2017 CEO agenda items here Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free Ingram Micro Cloud: Streamline your creative process and secure your digital assets with Dropbox Business   Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Three bankers are sacked every two days: Central Vigilance Commission report Banking officials, many of whom are under the scanner for possible fraud involving new currency notes, accounted for more than 50% of public servants penalised by vigilance... Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. The Real Deal with Email and What TradeBriefs does right So, here Has Ibibo lost some of its sparkle for investors in MakeMyTrip? While MakeMyTrip-Ibibo combine has sufficient cash for now, it may not be long before it has to resort to equity dilution or leverage to fund expansion plans Rs 1 lakh crore: fall in bank credit growth in fortnight after Nov 8 Banks are now caught in a dilemma even as they stare at a decline in loan growth — considering the surge in deposits since November 9. Govt can't impair rights of secured creditors: FTIL FTIL said that the use of section 396 of Companies Act to merge the two entities was illegal considering the liability of NSEL is yet to be established A dollar winter is coming 2017 promises to be a year of dollar strengthening, and US bond yields rising How entrepreneurs think A recent study on entrepreneurship has coined the term ‘effectual logic’ to describe what expert entrepreneurs rely on to create their business ventures Demonetisation: Modi govt is betting its future on digital India. Will it bear good results? Majority of online transactions with the govt attract a convenience fee which is the reverse of what the govt is talking about regarding digital payments. Investments worth $3 billion ripe for exits in healthcare sector: Investec Investec data shows healthcare sector will see investors looking to exit primary investments in the next two-three years through secondary sales and public market listings A sovereign wealth fund for India? Given India’s stable external account, the time is ripe to secure long-term strategic interests in oil, gold and manufacturing Tata Sons raises stake in Tata Motors ahead of EGM Tata Sons bought 50 million shares of Tata Motors in a bulk deal for Rs2,430.65 crore IT minister meets banks, asks them to popularise digital transactions Such uniform branding would help create awareness amongst the general public on availability of digital transactions with merchants, he said. India-China trade to touch $65 billion in 2016 He said the key sectors China focused in India during the year were financial, infrastructure, electronics and IT, besides many others. Banks asked to do central data checking: RBI on laundering "RBI and its team is also coordinating and collaborating with various investigating agencies." What to do if you are a victim of digital banking fraud Recent weeks have thrown the country into a conundrum on whether to move on to digital banking and electronic transactions as the primary mode of spending money. Asahi to buy SABMiller’s European beers in $7.8 billion deal Asahi expects the acquisition—which spans five countries and includes beer brands such as Pilsner Urquell, Kozel and Tyskie—to close in the first half of 2017 How Microsoft can make its expensive LinkedIn deal work Here’s what Microsoft CEO Satya Nadella should do to keep the recently-completed LinkedIn deal from joining the ash-heap of M&A history Norway wealth funds hoping to expand footprints in India The survey was conducted to assess the current and near future business climate for Norwegian companies with specific focus on the maritime sector. Yes Bank, Grofers tie up to deliver cash at doorstep The cash delivery service, open to all back account holders. has started today across Mumbai, Gurgaon and Bengaluru. Other cities will be added to the list gradually. Are banks failing the demonetisation drive? Even after a month of demonetisation drive, the bitter irony continues. With the aam aadmi waiting to withdraw his savings, the new currency notes are being siphoned off illegally. Paytm sees 3-fold rise in transactions to offline stores during 4-day sale period Paytm raked in over Rs220 crore in retail sales at offline stores during its cashfree festival, which was held between 9 and 12 December Indian banks' chalice boils over with Modi's note-ban poison Operational and reputational risk for India’s banking system has surged uncontrollably since the government’s 8 November demonetisation announcement TPG Capital in talks with Fortis Healthcare for stake sale In other news, private equity and venture capital investments plunged 50% to $908 million in November from $1.82 billion in the year earlier Hacker group Legion calls Indian banking system deeply flawed So, they really like their drugs. They also seem to have a peculiar obsession with dying from an overdose Half-term report card on Modi government's economic progress Yes, demonetisation will leave an impact. Tata Global re-enters ayurvedic tea segment with Teaveda Had done a pilot two years back; now, the effect of Patanjali products Slowdown in West Asia hits Indian retailers' business The impact has been severe in markets that are dependent on oil revenue De Beers diamond sales tempered by India's cash crackdown India is the third-biggest diamond jewellery market behind the United States and China, accounting for about 8 percent of global demand. Delhi Airport launches India's 1st airport e-Shopping platform for fliers Domestic travelers now can pre-order wide range of products of their choice online from Indias largest airport retail offering from the comfort of their whereabouts, said DIAL. Aiming for 20-25% revenue growth in FY17: Mandhana Industries Speaking to CNBC-TV18, Manish Mandhana, Managing Director of the company said sales had dropped in November, but have recovered this month. Second half of the year is expected to be better with festivals and wedding season. The four pillars of futuristic grocery retailing The Retail Grocery Industry in India is at a crossroads today. It is faced with multiple challenges: changing consumer patterns and shift in preferences, pricing, government policies, taxation and reg HC seeks govt response to telcos' understated income that cost exchequer over Rs 12488 crore According to the petitioner, the government is yet to recover the amount of .`12,488.93 crore, excluding penalty and taxes, from the six companies. The petitioner sought directions to the Central government “not to inordinately delay the process of recovery of actual loss caused to the public exchequer” by the telecom companies. None of mobile payment apps in India fully secure, warns Qualcomm If you’re using a mobile wallet in India like a Paytm or a Mobikwik, then you should also know that these apps aren’t using the hardware-based security layer Here's why mobile banking can help India beat poverty Demonetisation can be used as an opportunity. This is the high time for raising awareness, not petty politics. Airtel Payments Bank to penalize cash withdrawals? Telecom player Vodafone that has received an in-principle approval from the Reserve Bank of India for a niche bank said that it is on track to launch its payments banks by March 2017."We are in the final stages but we haven't applied for the final Currency demonetization hits India's mobile phone sales | PCWorld India’s decision to remove certain currency notes out of circulation has hurt mobile phone sales, as many people in the country still prefer to use cash or do not have access to payment cards and digital payment options. Estartups: Online logistics marketplace Porter set to enter Pune and Ahmedabad Porter, which offers online logistics services in five cities, plans to enter Ahmedabad and Pune next year FSSAI notifies caffeine level for energy drinks Calls for prominent declaration of caution on labels Come new year, F& B companies to junk ads targeted at children Mondelez India, which makes Cadbury Dairy Milk and Gems chocolates, said the company no longer advertises its products directly to children under 12, irrespective of nutritional profile. Hotels should ask customers before levying service charge: Govt official Consumer affairs secretary Hem Pande said customers do not have to pay the service charge or tip if they do not like the service India's consumer inflation falls to 2-year low ndia's annual retail inflation eased last month to 3.63 per cent from 4.20 per cent in October and 5.41 per cent reported during the corresponding period last year. Despite short-term reduction in consumption, 'Demonetisation' is a key enabler for GST and will reduce trade deficit The new areas are the fleet business where we would want to explore more. There are emerging opportunities with some aggregators, the entire fleet which has come in the commercial vehicle market such as Ola, Uber etc. This is a very exciting change happening as far as mobilty solutions for a common man are concerned and we want to see how we can play there. On track to achieve Rs 1 lakh cr target in FMCG biz by 2030: ITC Speaking to CNBC-TV18’s, Sanjiv Puri, COO of ITC said that the company is looking to diversify into fruits, vegetables and seafood business soon. ITC has launched 25 products this year and may launch another few in last month. .. HUL pulled up for misleading Vim bar ad The ASCI noted that its Consumer Complaints Council upheld a complaint against HUL. Paper Boat sails ahead on Indian drinks Paper Boat now has to overcome limited reach and penetration, along with premium pricing, as it seeks to scale up operations TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India